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Sen. Reid Calls for RPS (Renewable Portfolio Standard) at REW Conference [View All]

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jpak Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Feb-21-08 10:29 AM
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Sen. Reid Calls for RPS (Renewable Portfolio Standard) at REW Conference
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http://www.renewableaccess.com/rea/news/story?id=51623

U.S. Senate Majority Leader Harry Reid (D-NV) used the national forum afforded by the Renewable Energy World Conference & Exhibition North America to make a major renewable energy address in which he called on the U.S. Congress to pass a Renewable Portfolio Standard.

"This national Renewable Standard would encourage utilities to make real national investments in this new market opportunity. Through the exchange of ideas comes innovation and progress. The solutions and ideas coming from meetings just like this are extremely impressive."--Senate Majority Leader Harry Reid (D-NV)

Under the proposed standard, a minimum requirement of renewable fuels would be set as a percentage of all energy consumption. During his speech, Sen. Reid also called for long-term extensions of tax incentives for renewable energy. Incentives currently in place are set to expire unless renewed by Congress. Reid's speech also outlined other policy ideas and incentives to encourage energy efficiency and renewable energy. Senator Reid also said that the federal government should set aside significant tracts of federal land that are environmentally appropriate for renewable energy production.

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